For a man who’s spent his career battling to make France more pro-business, Europe’s prospects on artificial intelligence are worrying: an oversight that could cost the bloc dearly.

France will announce private sector investments totalling some 109 billion euros ($112.5 billion) in its artificial intelligence sector during the Paris AI summit which opens on Monday, President Emmanuel Macron said.

French President Emmanuel Macron is all about the AI revolution—and he wants Europe and France to be, too. Here's why.